About BizCover
BizCover is a company based in Surry Hills (Australia) founded in 2008.. BizCover has raised $88.6 million across 1 funding round from investors including AUB Group. BizCover offers products and services including Public Liability Insurance, Professional Indemnity Insurance, Cyber Liability Insurance, Management Liability Insurance, and Tax Audit Insurance. BizCover operates in a competitive market with competitors including DUAL Australia, UpSure, Sherpa Insurance, CoverBoss and insuresME, among others.
- Headquarter Surry Hills, Australia
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Sectors
Financial Services
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Phone
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Website
*********
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Social
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- Legal Name Bizcover Pty Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$88.6 M (USD)
in 1 rounds
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Latest Funding Round
$88.6 M (USD), Series C
Feb 17, 2020
- Investors
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Employee Count
Employee Count
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Products & Services of BizCover
BizCover offers a comprehensive portfolio of products and services, including Public Liability Insurance, Professional Indemnity Insurance, Cyber Liability Insurance, Management Liability Insurance, and Tax Audit Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Covers claims for injury or damage caused by business activities.
Protects against negligence claims in professional services.
Provides coverage for data breaches and cyber threats.
Insures against legal actions related to company management.
Assists with costs of tax audits and investigations.
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Funding Insights of BizCover
BizCover has successfully raised a total of $88.6M through 1 strategic funding round. The most recent funding activity was a Series C round of $88.6 million completed in February 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series C — $88.6M
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First Round
First Round
(17 Feb 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2020 | Amount | Series C - BizCover | Valuation | AUB Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BizCover
BizCover has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include AUB Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Insurance broking and underwriting agency services are provided to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BizCover
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BizCover
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bizcover Comparisons
Competitors of BizCover
BizCover operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DUAL Australia, UpSure, Sherpa Insurance, CoverBoss and insuresME, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Operates an online platform for commercial insurance services.
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| domain | founded_year | HQ Location |
Business insurance options are compared via app for tech companies.
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| domain | founded_year | HQ Location |
An insurance platform for management consultants and project professionals.
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| domain | founded_year | HQ Location |
Functions as an insurance platform for commercial businesses.
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| domain | founded_year | HQ Location |
Provides liability insurance solutions for consultants and contractors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bizcover
Frequently Asked Questions about BizCover
When was BizCover founded?
BizCover was founded in 2008 and raised its 1st funding round 12 years after it was founded.
Where is BizCover located?
BizCover is headquartered in Surry Hills, Australia. It is registered at Surry Hills, New South Wales, Australia.
Is BizCover a funded company?
BizCover is a funded company, having raised a total of $88.6M across 1 funding round to date. The company's 1st funding round was a Series C of $88.6M, raised on Feb 17, 2020.
What does BizCover do?
BizCover was founded in 2008 and is based in Surry Hills, Australia. An online platform is operated for small businesses to compare insurance quotes in the professional indemnity, public liability, management liability, and cyber liability sectors. Coverage options from over nine insurance carriers are made available, facilitating access to tailored business insurance solutions within the Australian market.
Who are the top competitors of BizCover?
BizCover's top competitors include UpSure, DUAL Australia and Sherpa Insurance.
What products or services does BizCover offer?
BizCover offers Public Liability Insurance, Professional Indemnity Insurance, Cyber Liability Insurance, Management Liability Insurance, and Tax Audit Insurance.
Who are BizCover's investors?
BizCover has 1 investor. Key investors include AUB Group.